Land Assembly opportunity! Sale of this property is contingent on the sale of the neighbouring 2 properties as a 0.52 Acre assembly to also include: 460 McDonald (MLS# 10272416) and 480 McDonald (MLS# 10272415). New Zoning to UC4 allows for 4-6 storey multi-family residential with bonuses up to 2.4 FAR. Ideal for condos or stacked/row townhome development or a great holding property for investors. 450 McDonald Rd is a 4 bedroom /2 bathroom home located in Rutland North on a .18 acre corner lot backing onto Asher Rd. Updated bathrooms and vinyl plank flooring. Ideal central and convenient location close to schools, parks, recreation, transit and shopping! (id:2493)More details
10 ACRES OF PRIME FARMLAND! Located in the heart of Rutland close shopping, schools, golf, UBCO & the Kelowna International Airport! This property has approximately 6 acres currently planted to a Hay crop. This property is suitable for a wide variety of agricultural uses and would be great for horses too! There are 2 large pole barns on this property which are great for storing equipment and machinery. There is lots of room to build your dream home here and enjoy country living in a central location close to all the local amenities! This property is zoned A1 and is in the ALR. GST is applicable on the sale of this farm property. (id:2493)More details
Prime land assembly opportunity on the corner of Springfield and Ziprick, directly across from Mission Creek Regional Park. Whether you’re looking for a holding property, cash flow investment, or land to build on- this designated “Core Neighbourhood” parcel offers all the above. The land assembly is 0.651 acres (28,357 SF), & made up of two lots currently zoned RU1 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). The Sellers have submitted a rezoning application to MF2 (FAR 1 + 0.15 bonus) & have architectural plans for a 16-unit (approx. 1500 SF each) townhouse development. In the meantime, the landlords are collecting approximately $11,052/month in rents = 132,624/yr. Gross cap rate = approx. 3.8. There are two bus stops within 80 m and the city has designated both Springfield & Ziprick as “Major Arterial” transportation networks with bike lane & infrastructure improvements on the horizon. Walking distance to Springvalley Elementary & Middle Schools, Costco, Orchard Park Mall, and across the road from 94 ha of trails at Mission Creek Regional Park. Across Ziprick is City owned property set aside for public service utilities & additional green space. Located halfway between UBCO & the future downtown campus (less than 8 km to both), 10 km from YLW (international airport), & 50 minutes to world-class Big White Ski Resort. This is a comprehensive & rare offering, sure to catch the attention of any savvy investor. What are you waiting for!? (id:2493)More details
Prime land assembly opportunity on the corner of Springfield and Ziprick, directly across from Mission Creek Regional Park. Whether you’re looking for a holding property, cash flow investment, or land to build on- this designated “Core Neighbourhood” parcel offers all the above. The land assembly is 0.651 acres (28,357 SF), & made up of two lots currently zoned RU1 (2560 Springfield Rd) & RU4 (685-675 Ziprick Rd). The Sellers have submitted a rezoning application to MF2 (FAR 1 + 0.15 bonus) & have architectural plans for a 16-unit (approx. 1500 SF each) townhouse development. In the meantime, the landlords are collecting approximately $11,052/month in rents = 132,624/yr. Gross cap rate = approx. 3.8. There are two bus stops within 80 m and the city has designated both Springfield & Ziprick as “Major Arterial” transportation networks with bike lane & infrastructure improvements on the horizon. Walking distance to Springvalley Elementary & Middle Schools, Costco, Orchard Park Mall, and across the road from 94 ha of trails at Mission Creek Regional Park. Across Ziprick is City owned property set aside for public service utilities & additional green space. Located halfway between UBCO & the future downtown campus (less than 8 km to both), 10 km from YLW (international airport), & 50 minutes to world-class Big White Ski Resort. This is a comprehensive & rare offering, sure to catch the attention of any savvy investor. What are you waiting for!? (id:2493)More details
Development Property! Opportunity to Buy 3 Properties + the Possibility of a 4th Property Creating a Combined Total of .94 of an Acre. The UC4 Zoning Allows 4-6 Stories. The Home is Well Kept and has a Nanny Suite…Perfect Income Generator until Redevelopment Starts. The Property has an Excellent Location…Close to Shopping, Transit and Schools. (id:2493)More details
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